‘Bitcoin Jesus’ says invention of cryptocurrencies causes a competition in the “issuance of money”

Roger Ver, the CEO of Bitcoin.com also known as Bitcoin Jesus, recently appeared at CNBC’s Future of Money Conference to speak about Bitcoin [BTC] and Bitcoin Cash [BCH]. He also spoke about his early entry into the blockchain and cryptocurrency space, calling himself the “first investor in Bitcoin and blockchain ecosystem”.

He began by speaking about how he was a successful entrepreneur before he got involved in the space, saying that he gave up everything, completely ignored his previous job and dropped everything in his life to focus on Bitcoin full time. This was around the time when Bitcoin was around $1 each, going on to say that it’s important to focus on “that sort of idea”. He further went on to say that speculating on different assets was not what the space was about.

He quoted Brian Armstrong, the CEO of Coinbase, where he said that digital currency may be the most effective way to increase economic freedom. He elaborated:

“If this happens the implications are profound. It could lift many countries out of poverty, improve the lives of billions of people and accelerate the pace of innovation in the world. Those are some pretty exciting goals to be working towards and the fact that digital currency may be the most effective tool we have to achieve those goals makes digital currency really really really exciting.”

Ver further said that economic freedom matters are those with it will have a higher per capita income, which further translates into higher life expectancy, higher literacy rates, 10% improved environmental protection, fewer wars, and violent conflicts and higher happiness of citizens.

He further correlated the standard of living with the amount of entrepreneurial dynamism, as having economic freedom would directly translate to innovators being free to do so. He offered examples of Apple, Samsung, and IBM that brought “wonderful” and “amazing” technologies to the masses.

Quoting the example of an eternal competition between the Samsung and Apple, Ver stated that there was really no competition in the money system until cryptocurrencies emerged. Ver elaborated:

“Thanks to the invention of cryptocurrencies. We’re seeing competition in the marketplace of the issuance of money and for the first time in human history in modern history. Wwe’re seeing a separation of the issuance of money and the state.”